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Multifamily Apartment Building

List of All Duplex Properties in Beverly Hills

by admin - May 3rd, 2012

There are not that many multifamily or residential income properties in Beverly Hills.  The ones on the market are not suitable for investors looking for large gains in near future.  However, it’s a wise investment for those buyers looking to reside in one of the units and rent the rest to cover the mortgage.  Not only you can use the income of the other units to qualify for mortgage, the tenants rent can cover or help out significantly in your mortgage payments.  

There are only 3 duplex properties available in Beverly Hills.  At this time, there is no triplex or 4plex properties in Beverly Hills. 

Click Here to View List of Duplex Properties in Beverly Hills



Consider this website your comprehensive Beverly Hills real estate resource.  You can find valuable and updated information about all types of Beverly Hills real estate and search for homes, condos and multifamily properties for sale.  We refund 50% of our buyer commissions to our buyers.  for more information on our buyer cash rebate, CLICK HERE.

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Beverly Hills Real Estate – New Listing for Beverly Hills Duplex Property

by admin - December 13th, 2011

A new listing for Beverly Hills multifamily property recently came to market. To learn more about this Duplex property in Beverly Hills, Please click on the link below. pictures.

$1,500,000 115 N CLARK DR  BEVERLY HILLS, CA 90211 MLS#11-570417

Living Area: 4121 SqFt
Lot Size: 5754 SqFt
Year Built: 1937
Listing courtesy of Shirley Levy Broker

Type Number of Units Bedrooms Baths Furnished(y/n) Revenue
Unit 1 1 3 2.00 No $3,500
Unit 2 2 3 2.00 No $2,915

For more information or to view property please call us at 310-598-5939

Consider this website your comprehensive Beverly Hills real estate resource.  You can find valuable and updated information about all types of Beverly Hills real estate and search for homes, condos and multifamily properties for sale.  We refund 50% of our buyer commissions to our buyers.  for more information on our buyer cash rebate, CLICK HERE.

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Beverly Hills Real Estate – New Listing for Beverly Hills Fourplex

by admin - August 31st, 2011

A new listing for Beverly Hills multifamily property came to market on 336 S. Reeves Dr. Beverly Hills CA 90212  for $1,850,000.  Listed by Ron Wynn of Coldwell Banker, this Beverly Hills fourplex has two 2bed/1bath and two 2bed/1.5 bath with rents ranging from $2400 to $2800.  One of the units is vacant and one will be vacant soon.  There are 4 parking spots for one car. The zoning is R4 and existing structure is about 5402 square feet which makes this offering at about $342 per square foot. 


Here is MLS description: Spanish style, great curb appeal, great schools, each unit is like a separate home. Living room, formal dining room,ornamental fireplace. Hardwood floors, 2 units are up, 2 downstairs. Lots of character and attention to detail, nice architectural detail. Building has never been on the market. There are four separate garages and laundry room. Building is not updated, but nicely maintained. Each unit has 2 bedrooms.

For more information or to view property please call us at 310-598-5939

Consider this website your comprehensive Beverly Hills real estate resource.  You can find valuable and updated information about all types of Beverly Hills real estate and search for homes, condos and multifamily properties for sale.  We refund 50% of our buyer commissions to our buyers.  for more information on our buyer cash rebate, CLICK HERE.

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Beverly Hills Real Estate – New Listing for 6 Unit Beverly Hills Multifamily Property

by admin - August 22nd, 2011

There is a new listing Beverly Hills multifamily propertythat is a development opportunity with fully entitled plan.  Listed by Jeremy Ives of Teles property, this Beverly Hills apartment building is at 462 South Rexford Dr. Beverly Hills CA 90211 with asking price of $2,699,000.  The zoning is R4 and existing structure is about 6327 square feet which makes this offering at about $426 per square foot.  It’s a 8215 sf corner lot and the seller is supposedly asking for the land value.   Here is what the property looks now:

Here is the MLS description: Prime Beverly Hills location on the corner of Rexford & Whitworth – a development site with fully entitled plans. Proposed 4-story condominium project w/potential to build 7 luxury units all with south/west exposure w/one level of subterranean parking. Existing building consists of 6 unit apt. building with 6 garage spaces, generating interim income prior to construction. Main value is in the land for this extra large corner lot of 8,215 sq.ft. A truly rare opportunity to build new construction w/tremendous value”.  The rent roll is:

Type Number of Units Bedrooms Baths Furnished(y/n) Revenue
Unit 1 1 2 2.00 No $2,250
Unit 2 1 2 2.00 No $1,850
Unit 3 1 1 1.00 No $925
Unit 4 1 1 1.00 No $1,175
Unit 5 2 2 2.00 No $1,650


Now if you are wondering how the new design will look, take a look at picture below:

For more information please call us at 310-598-5939 or email us at info@900flat.com

Consider this website your comprehensive Beverly Hills real estate resource.  You can find valuable and updated information about all types of Beverly Hills real estate and search for homes, condos and multifamily properties for sale.  We refund 50% of our buyer commissions to our buyers.  for more information on our buyer cash rebate, CLICK HERE.

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Beverly Hills Real Estate – New Listings for Beverly Hills Multi-Family Apartment Buildings for Sale

by admin - August 18th, 2011

There are few listings for Beverly Hills multifamily property came to market recently and we want to go over them.  One of them is at 229 S TOWER DR , BEVERLY HILLS ,CA 90211 which is being sold with it’s twin building for $4,199,000.  Listed by Ronald Goldhammer of Prudential, there are 24 singles in these buildings with rents around $900 to $1100 and apparantly most units are updated.  The property was built in 1929 but if you look at the property, you’ll know that the owers have taken care of it.  These two Beverly Hills apartment buildings have about 14,806 square feet which is on average 600 sf per unit.  With the $4,199,000 asking price, they are offering it at about $284 per square foot.

Based on what the information provided by listing agent and seller, the owner is collecting about $310K in gross rent and they only put $63,000 in expenses which is very low for these types of properties.  You must estimate about 40% of gross rent in expenses. 




Here is the MLS Remarks: First time available for sale in decades. These very charming side by side sister buildings have a total of 24 apartments with14,806 sq ft. On 2 lots totaling 12,998 sq ft of land offering great development possibilities. Current combined gross annual income of approximately $310,147. Master metered. Please DO NOT WALK ON PROPERTY or speak with tenants.  

For more information, please call us at 310598-5939 or email us at info@900flat.com.  To view more pictures please visit 229 S. Tower Dr. Beverly Hills CA 90211 MLS#11-547867



The other property that recently came to market is duplex in Beverly Hills.  Listed by Holly Hakimian of Keller Williams, This property is at 135 N. Gale Drive Beverly Hills CA 90211 and seller is willing to sell the property next to it.  The seller is claiming that each unit is being rented for $3100 per month and they have plans and permit to build condominiums or new multifamily property in there.  The zoning is R4 which is great for Beverly Hills however these two Beverly Hills Duplex properties are around the corner of San Vicente with this duplex is actually on San Vicente which isn’t a desirable area to build condos. 

Here is the MLS remarks: Great opportunity to own a duplex in Beverly Hills for Development, Investment or Owner User with great income. Consist of a Spacious 2 bedroom + 1.5 bath + a den and a great back yard and the other unit a 2 Bedroom +1.5 and a den with a great bonus room. Both units feature: Hardwood floors throughout updated kitchen with stainless steal appliances. Spanish style bathrooms. Washer and dryer in each unit. This duplex is close to all the trendy shops, restaurants that Beverly Hills has to offer. Near The Beverly Center Mall and Cedar Sinai Hospital. Beverly Hills school district.  

For more information about this property, please visit 135 N. Gale Drive Beverly Hills CA 90210 MLS#11-548027  or just call us at 310-598-5939

Consider this website your comprehensive Beverly Hills real estate resource.  You can find valuable and updated information about all types of Beverly Hills real estate and search for homes, condos and multifamily properties for sale.  We refund 50% of our buyer commissions to our buyers.  for more information on our buyer cash rebate, CLICK HERE.

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Beverly Hills Real Estate – Featured New Listing for Beverly Hills Multifamily Apartment Building for Sale

by admin - August 18th, 2011

A new listing for Beverly Hills multifamily property came to market recently at 339 N OAKHURST DR , BEVERLY HILLS ,CA 90210  for asking price of $7,750,000.  Listed by Jame Muske of Coldwell Banker, this building has 21 units with mixture of four 1 bed, 13 2bed/2.5 baths and four 3beds/3.5 baths.  The units are spacious since the building size is about 40,000 sf which on average makes each unit less than 2000 sf each.  Upon reviewing the rent roll, we found the some tenants are paying low rents and with Beverly Hills rent control ordinance of 10%, there is an upside potential in generating more income.  The rent ranges from $1000 for 1 bedroom units to $3200 for 3 bedroom units which is low.  Based on asking price, the seller is offering this property at $194 per square foot which is low for Beverly Hills. 

The owner is collecting about $531,000 in gross income per annum and they claiming that their annual expense is about $153,000 which is low.  If you purchase this building for the asking price, your property tax alone will be more than $90,000 per year.  It is safe to project about 40% of the gross rent in expense.  So by calculating the 40% expense, we figured that the capitalization rate for this property is about 4%.  I know you may think that this is expensive and I agree with you it is expensive for a multifamily property that yeilds such a low income.  However, they have received more than 4 offers at asking or close to it and we are predicting that this property will be sold over asking price. 




Here is MLS Remarks: Twenty-one impressively spacious units in extremely desirable Beverly Hills location! Extraordinary investment opportunity. First time on the market in over 50 years! Gated security building with intercom. Attractive entry with fountain and landscaped greenery leads to newly restored large open common courtyard. Separate on-site two room manager’s office (in addition to 21 units) with private entrance, kitchen, and full bathroom. Appealing unit mix. City & mountain views from upper level units, especially from the penthouse balcony and rear private patio area. Common coin operated laundry in building with 3 washers, 3 dryers, and separate lockable personal laundry detergent storage lockers. Abundant personal storage space in units and in separate overhead lockable wood storage units above designated parking spaces. Gated parking:44 spaces, 2 tandem per unit. Close to amenities. Quality building. Pride of Ownership! Standard Sale. Do not disturb tenants. Prime Beverly Hills 90210!  

For more information and rent roll, please call us at 310-598-5939 or email us at info@900flat.com  You can also get more information by visiting 339 N OAKHURST DR , BEVERLY HILLS ,CA 90210 MLS#11-547943

Consider this website your comprehensive Beverly Hills real estate resource.  You can find valuable and updated information about all types of Beverly Hills real estate and search for homes, condos and multifamily properties for sale.  We refund 50% of our buyer commissions to our buyers.  for more information on our buyer cash rebate, CLICK HERE.

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Beverly Hills Real Estate – Featured New listing for Beverly Hills Multifamily Property for Sale

by admin - August 10th, 2011

A new listing for Beverly Hills multifamily property came to market recently at 133 N. Almont Dr. Beverly Hills CA 90211 for asking price of $13,550,000.  Listed by Laurie Lustig of CB Richard Ellis is a 19 unit, newly renovated apartment building with nine 1 bedroom and ten 2bed and penthouse units.  The one bedroom units are over 1000 square feet and 2 bedrooms are about 1300+ square feet.  It seems most of the units are vacant as rental incomes are all projected.  They estimate that the 1bedroom units will rent for $2800 to $3400 and 2bedroom units for $3400 and more with gross potential rental income to be $815,000 per annum.  They estimate the expense to be approximately $216000 per year with net operating income of $514,000 per year.   And yes if you are calculating the capitalization rate, you are right.  They are selling this property for proforma cap rate of 3.8%. 




These days apartment buildings are very hot investment properties and multifamily properties in Westside are being sold for 5% cap rate.  Of course Beverly Hills multifamily properties  are worth even more than other West side properties but if you are an experience investor, you would know that no conventional lender would finance a vacant apartment building.  So prospective buyers must pay all cash or finance this property through hard money lenders.  Also, we all know that rents in Beverly Hills are higher than other regions but do you think you can lease a 1bedroom + den for $3400 per month?  We are not sure how realistic their income projections are but lenders won’t consider this proforma rent roll as realistic projections.  Now assuming that all these units will be leased with these prices, with attractive multifamily rates these days, prospective purchaser can get about $8,000,000 with today’s rate assuming that all units are leased with the projected income the seller has.  With that said, we project that investor will have a pre tax cash on cash of 1.5% per year. 




Here is the MLS Description:    Prime Beverly Hills 19-Unit Apartment Building – World Class Remodel Done in 2011- Unique opportunity to purchase a fully renovated, 19-unit apartment building in a prime Beverly Hills location half a block north of Wilshire Boulevard.- Interior and exterior remodel done in 2011.- Building features include: newly remodeled lobby and entrance; energy efficient dual pane windows/frames; copper plumbing (most); heated swimming pool with new coping, plaster and decking; upgraded and modernized resident and guest elevator and more.- Unit features inlcude: in-unit washer and dryers; central heat and air (new individual HVAC heat pump systems); gourmet cooks kitchen with kitchen range and stainles steel Whirlpool appliances; granite countertops throughout; designer bathrooms with granite counterops, new cabinets and plumbing fixtures and more.  

Consider this website your comprehensive Beverly Hills real estate resource.  You can find valuable and updated information about all types of Beverly Hills real estate and search for homes, condos and multifamily properties for sale.  We refund 50% of our buyer commissions to our buyers.  for more information on our buyer cash rebate, CLICK HERE.

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Beverly Hills Real Estate Market Update – New Beverly Hills Duplex on Market

by admin - July 19th, 2011

A new listing for Beverly Hills Duplex at 459 South Rexford Dr. in Beverly Hills came to market late last week for $1,525,000.  This property, owned and listed by Lisa Sockolov of Coldwell Banker, is an ideal owner occupied duplex for a buyer that can live in one unit and rent the second one to help out with the mortgage.  The building is a spacious 3700 SF on a 6000 SF lot that has a prive pool.  According to seller, each unit has 3bedrooms and 2 baths and generate about $6500 per month. 

Asking price is based on a 19.5 times gross income which is very high and would not make sense as an investment or income property for a buyer.  Based on the pictures, the units do not seem to be updated and has it’s 1930’s looks. 




Seller didn’t include that much description in the MLS however you can see more pictures by clicking this link:  459 S. Rexford Dr. Beverly Hills CA 90212 MLS#11-541251

Consider this website your comprehensive Beverly Hills real estate resource.  You can find valuable and updated information about all types of Beverly Hills real estate and search for homes, condos and multifamily properties for sale.  We refund 50% of our buyer commissions to our buyers.  for more information on our buyer cash rebate, CLICK HERE.

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Beverly Hills Real Estate – Market Update for Beverly Hills Apartment Buildings for Sale

by admin - July 13th, 2011

A new listing for Beverly Hills residential income property at 337 South Doheny Dr. in Beverly Hills 90211 came to market for $1,979,000.  Listed by Greg Trotter of Coldwell banker, this 7 unit apartment building has a mixture of 1bed and 2 bedroom units with building size of 6500 SF.  One bedroom units generate about $1200 to $1300 per month and two bedrooms are about $1700 to $1900 per month.  With this asking price, property is being offered at 15 times gross rental margin and at 4.2% cap rate. 




Here is the MLS description for this property: “Classic mid-century style apartment with (3) units 2 Bd + 2 Ba and (4) units 1 Bd + 1 Ba. The average size is 935 SF for thesespacious units. Several units have been upgraded with new windows, new kitchen cabinets, granite counter tops, tile floors,bathroom vanities, new doors, door hardware, and light fixtures. Other interior features are wood floors and wood blinds.The property is located in a great south Beverly Hills location between Wilshire Blvd. and Olympic Blvd.. It is also near thePico/Robertson area and about a mile and a half east of Century City”

Consider this website your comprehensive Beverly Hills real estate resource.  You can find valuable and updated information about all types of Beverly Hills real estate and search for homes, condos and multifamily properties for sale.  We refund 50% of our buyer commissions to our buyers.  for more information on our buyer cash rebate, CLICK HERE.

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Beverly Hills Real Estate – Development Opportunity for Beverly Hills Real Estate Investors

by admin - July 1st, 2011

There is a development opportunity in Beverly Hills for investors to purchase and build 30 luxury condos on a 30,000 SF lot.  The properties are located 309 – 325 Elm Dr in Beverly Hills which includes a single family residence, a  Duplex, 6 unit and 14 unit apartment building and they are all R4 zoning.  Each property is on a approximately 6000 SF lot with the 14 unit apartments being on double lot.  The seller purchased all these buildings back in 2005 and 2006 at the height of the real estate market with the intention of building a  condo complex.  The plans are drawn and all documents are available for the prospective buyer to review. 

The seller is asking for a little bit more than $11M for all 4 properties as they listed them all under one property listing.  Then few days ago they divided up to 4 properties and each was priced at market price.  So I looked at the public record to find out how much the seller paid for each and it turns out that his total purchase price excluding his closing costs with loan fees was about $10M in total.  In this case, the seller will lose money considering that he will need to pay for closing costs, commission and of course his expenses for plans, permits and so on.  Take a look at each of these Beverly Hills multifamily properties:



$1,499,000 321 Elm St. Beverly Hills CA 90212 MLS#11536861

Single Family Resident with 2bed and 1 bath with $3125 in monthly rent

$1,600,000 325 Elm St. Beverly Hills CA 90212 MLS# 11-536603

Duplex property with 3bed/2bath for each unit generating about $6800 in monthly rent


309-315 Elm St. Beverly Hills CA 90212 $5,600,000 MLS#11-536873

This is a two 7 unit buildings with unit mixture of 1,2 and 3 bedrooms generating about $32,000 in monthly rent


$2,450,000 317 Elm St. Beverly Hills CA 90212 MLS#11-536869

This is the 6 unit property with mixture of 2bed and 1 bed generating about $11,600 per month in gross rent

For additional information, please call us at 310-598-5939.

Consider this website your comprehensive Beverly Hills real estate resource.  You can find valuable and updated information about all types of Beverly Hills real estate and search for homes, condos and multifamily properties for sale.  We refund 50% of our buyer commissions to our buyers.  for more information on our buyer cash rebate, CLICK HERE.

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